First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 0.6% – What’s Next?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $102.12 and last traded at $102.8990. 5,063 shares traded hands during trading, a decline of 82% from the average daily volume of 28,159 shares. The stock had previously closed at $103.52.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The business has a 50 day simple moving average of $105.16 and a 200 day simple moving average of $99.51. The stock has a market cap of $580.99 million, a PE ratio of 24.50 and a beta of 1.18.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at approximately $44,000. Western Wealth Management LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at approximately $38,000. MidFirst Bank bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter worth approximately $52,000. Finally, Advisory Services Network LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth approximately $192,000.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.